Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
0.9121723 |
details, prediction |
Bitcoin Cash
BCH
|
0.7705062 |
details, prediction |
Cardano
ADA
|
0.758834 |
details, prediction |
XRP
XRP
|
0.4909483 |
details, prediction |
Dogecoin
DOGE
|
0.49093333 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.8807787 |
details, prediction |
Tezos
XTZ
|
0.8430632 |
details, prediction |
Theta Fuel
TFUEL
|
0.81659245 |
details, prediction |
Siacoin
SC
|
0.801888 |
details, prediction |
Ardor
ARDR
|
0.7903397 |
details, prediction |
|
Third tier
|
Loopring
LRC
|
0.91785496 |
details, prediction |
Elastos
ELA
|
0.8936077 |
details, prediction |
Komodo
KMD
|
0.8752304 |
details, prediction |
Stox
STX
|
0.86260664 |
details, prediction |
Propy
PRO
|
0.8497979 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Gold price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bitcoin Gold
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.82041633 |
details, prediction |
Ethereum
ETH
|
-0.4582515 |
details, prediction |
ZCash
ZEC
|
-0.4365127 |
details, prediction |
KuCoin Shares
KCS
|
-0.40904033 |
details, prediction |
Bitcoin
BTC
|
-0.34593868 |
details, prediction |
|
Second tier
|
True USD
TUSD
|
-0.5852845 |
details, prediction |
FTX Token
FTT
|
-0.51536596 |
details, prediction |
Algorand
ALGO
|
-0.46416682 |
details, prediction |
iEx.ec
RLC
|
-0.45903826 |
details, prediction |
Bitcoin SV
BSV
|
-0.38022667 |
details, prediction |
|
Third tier
|
HEROcoin
PLAY
|
-0.71230054 |
details, prediction |
V Systems
VSYS
|
-0.65590733 |
details, prediction |
Ontology
ONT
|
-0.5762036 |
details, prediction |
OPEN Platform
OPEN
|
-0.4874104 |
details, prediction |
Enjin Coin
ENJ
|
-0.48058546 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)